Canada Goose (TSE:GOOS) Reaches New 1-Year Low – What’s Next?

Canada Goose Holdings Inc. (TSE:GOOS)’s stock price reached a new 52-week low during trading on Wednesday . The company traded as low as C$12.00 and last traded at C$12.10, with a volume of 147408 shares trading hands. The stock had previously closed at C$12.16.

Wall Street Analyst Weigh In

Separately, Bank of America set a C$15.00 price target on Canada Goose and gave the stock a “buy” rating in a report on Wednesday, August 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of C$19.67.

Canada Goose Trading Down 0.8%

The firm has a 50 day moving average price of C$13.32 and a 200 day moving average price of C$14.74. The stock has a market capitalization of C$1.18 billion, a PE ratio of 20.44, a P/E/G ratio of 0.61 and a beta of 1.71. The company has a quick ratio of 0.69, a current ratio of 2.33 and a debt-to-equity ratio of 158.47.

Canada Goose (TSE:GOOS) last released its earnings results on Thursday, July 30th. The company reported C($0.89) earnings per share (EPS) for the quarter. The business had revenue of C$118.90 million during the quarter. Canada Goose had a net margin of 3.70% and a return on equity of 10.37%. Equities analysts expect that Canada Goose Holdings Inc. will post 1.6222664 EPS for the current fiscal year.

Canada Goose Company Profile

Canada Goose Holdings Inc is a Canada based company that designs, manufactures, distributes, and retails premium outerwear for men, women, and children. It operates business through three segments namely, Wholesale and Direct to Consumer (DTC), Other. The DTC segment, which is the key revenue driver, comprises sales through country-specific e-commerce platforms and its company-owned retail stores located in the luxury shopping locations. The Wholesale segment comprises sales made to a mix of functional and fashionable retailers, including major luxury department stores, outdoor specialty stores, and individual shops, and to international distributors.